Lumos Networks (LMOS) PT Bumped to $18 at Jefferies
- Top 10 News for 12/2: Crude Rips on OPEC Cut; Starbucks' Schultz Steps Down; Nonfarm Payrolls Flat in Nov.
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
- Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO
Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.
Jefferies analyst Scott Goldman reiterated a Buy rating and bumped his price target on Lumos Networks (NASDAQ: LMOS) to $18.00 (from $16.00) noting two important steps in the transition plan.
Goldman commented, "Enterprise revenue growth accelerated to 17.2% and the longer-term outlook continues to point to an attractive mid-teens CAGR. In addition, the company took two important steps in its transition to becoming a pure play fiber provider: initiating the separation of regulated assets and the acquisition of Clarity. Though small, the deal is indicative of management discipline while expanding the addressable market."
Shares of Lumos Networks closed at $14.58 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Jefferies Cuts Price Target on Workday (WDAY) to $71 Following 3Q
- Jefferies Cuts Price Target on Dollar General (DG) Following 3Q
- JPMorgan Raises Rating on CBOE Holdings (CBOE) to 'Overweight'; Analyst Thinks Bats Technology Will Drive Greater Trading Activity
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change
Related EntitiesJefferies & Co, Definitive Agreement
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!